Forecast: Wheat Market Size Volume in Egypt

The wheat market size in Egypt stood at 14.54 million metric tons in 2023. Examining the period from 2014 to 2023, the data reveals a consistent increase in volume, albeit with varying year-on-year growth rates. For instance, growth was strongest between 2017 and 2018 at 1.73%, while it was nearly flat from 2018 to 2019. Over the last five years, the compounded annual growth rate (CAGR) averaged 0.4% annually. Future forecasts predict a slight deceleration, with the market expected to reach 14.87 million metric tons by 2028, indicating a 0.36% CAGR. Future trends to watch for include technological advancements in wheat farming, climate change impacts, and government policy shifts in agriculture, all of which could affect market dynamics.

Top Countries about Food